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Overview
The emerging market of Macedonia has proved attractive to investors over the years, largely due to its strategic location. While the small republic has seen its fair share of lows recently, with decreased foreign direct investment and uncertainty clouding outlooks and perceptions, the financial system has remained sound and the country maintains macroeconomic stability due to low inflation. It has passed some significant legislative amendments aimed at enhancing the investment climate; changes to the Securities Law adopted in April 2010, in particular, provide protection to investors through increased transparency of listed companies’ activities. With aspirations of EU accession, the country has become a member of the European Patent Organisation (EPO) and the International Renewable Energy Agency (IRENA), and has undertaken a vast amount of harmonisation work.
The legal market in Macedonia does not necessitate specialist departments within law firms; most firms field a hybrid team able to deal with a number of practice areas comprehensively. Many firms have noted a marked increase in insolvency and bankruptcy proceedings, including front runner Polenak Law Firm.
Major Serbian firm Karanovic & Nikolic has recently set up an office in the country.
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Press releases
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Legal Developments worldwide
Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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QFMA Promotes Listing Of SMEs
by Mohamed Khodeir - m.khodeir@tamimi.com And Kamal Hafez - k.hafez@tamimi.com -
Real Estate Update – Kingdom of Saudi Arabia – Greenfields projects create opportunities
by Jeremy Scott - j.scott@tamimi.com -
Romania: Simplified trade registry formalities in relation to the time required for formation of
companies and the company's seat -
Exploitation of hydrocarbon resources in Cyprus
Geostrategic and financial interests regarding gas exploration and exploitation -
Announcement regarding Jersey Redundancy Law Changes
On 13 February 2012 Jersey's Social Security Department announced that an appointed day act would be lodged in the week commencing 20 February 2012, to bring into force three amendments to the Employment (Jersey) Law, namely Amendments No.5, No. 6 and No. 7, which all deal primarily with redundancy rights. The appointed day act is due to be debated on 20 March 2012. It is anticipated that the changes will be implemented as summarised below, although this is subject to the outcome of the debate. -
Proposed changes to Singapore Patents Act
By Lionel Ser -
RELAXING THE HEARSAY RULE
Amendments to the Evidence Act (“Act”) were passed in Parliament on 14 February 2012, setting out new rules for the type of evidence which may be admitted in court proceedings. These changes are likely to come into effect this year. -
MOFCOM Gets Serious About Unreported M&A Transactions
The Ministry of Commerce of the People's Republic of China (“MOFCOM”) passed the Provisional Measures on the Investigation and Handling of Concentrations between Business Operators which were Not Notified in accordance with the Law (the “Provisional Measures”) on 30 December 2011, and uploaded them on its website on 5 January 2012. -
The Impact of the New Telecom Law on End Users
Author - Alina Vizitiu -
Privacy “Challenges” of Cloud Computing
Author - Roxana Ionescu
Press Releases worldwide
The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
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Austria: Movement on the Austrian mobile communications market:
Europa Partners and France Telecom sell Orange Austria to Hutchison ("Drei") -
Setterwalls shortlisted for Chambers’ “Award for Excellence”
For the second year in a row Setterwalls has been shortlisted for Chamber and Partners' Award for Excellence 2012 in the country of Sweden. The Award ceremony will take place in Amsterdam on 10 May. -
LEADING CAPITAL MARKETS AND M&A LAWYER JOINS WIKBORG REIN & CO, OSLO
Wikborg Rein continues to grow its capital markets and M&A practice and has strengthened its Corporate team from 1st February 2012 with partner Dag Erik Rasmussen. -
Regressive ruling on disabled air passenger rights
Gwendolen Morgan comments on the Reduced Mobility Rights campaigner’s website about the Court of Appeal decision to dismiss two separate cases involving wheelchair-bound passengers. -
Bedell Cristin advises on Jersey's first Private Placement Fund
Bedell Cristin has acted for a leading real estate fund manager in relation to the establishment of Jersey's first Private Placement Fund. -
Recent Promotions in the NNDKP Team
Nestor Nestor Diculescu Kingston Petersen announced that three of the firm’s attorneys have been promoted to the position of Senior Associate: Mirela Gabriela Preda (Mergers and Acquisitions), Catalin Radbata (Dispute Resolution) and Lucian Vitelaru (Real Estate). -
GSK and European alliance members welcome Spanish firm ROCA JUNYENT to international alliance
The internationally cooperating law firms, Nabarro LLP (United Kingdom), Au-gust & Debouzy (France), Nunziante Magrone (Italy) und GSK Stockmann + Kollegen (Germany) have extended their alliance with another new member. -
AstapovLawyers advised Blastrac on the Ukrainian legislation
AstapovLawyers International Law Group advises Blastrac, major European surface preparation equipment manufacturer, with regard to various legal and regulatory matters related to establishing the business presence in Ukraine. -
Lavrynovych & Partners Is Listed in International WHO'S WHO of Professionals
Lavrynovych & Partners Law Firm is now included in the International WHO’S WHO of Professionals directory: Maksym Lavrynovych, its Managing Partner, who was nominated for the directory in July of last year, became its full member due to the recommendations of the International WHO’S WHO Historical Society members. -
Harneys launches law textbook in BVI and reaffirms commitment to the jurisdiction
Internationaloffshore law firm Harneys reaffirmed its commitment to the British Virgin Islands at a reception Wednesday evening to launch British Virgin Islands Commercial Law, thefirst and only textbook focussing exclusively on BVI law and practice.